RadiSys buys back $6.4 million 5.5% convertibles

New York, Nov. 8 - RadiSys Corp. said it has bought back $6.4 million of its 5.5% convertible subordinated notes since the end of the third quarter on Sept. 30.

Its board has approved the repurchase of the remaining $2.5 million of the securities as well as $25 million of common stock, the company said in a 10-Q filing with the Securities and Exchange Commission.

The latest buyback follows the repurchase of $1.1 million of the convertibles during the first three quarters of the year.

RadiSys is a Hillsboro, Ore.-based computer-networking firm.

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